Trade Credit Receivables Insurance in U.S.
Markel Corp. is now underwriting trade credit insurance – also known as receivables insurance – in its New York office. Policies will be underwritten on an admitted basis, utilizing two Markel insurance companies, Markel American Insurance Co. and Markel Insurance Co. Products may not be available in all states. Worldwide capacity for the coverage, which protects companies that sell products against the risk of non-payment from vendors, is close to $9 billion and has increased substantially over the last 10 years as more insurers look to benefit from the profitability of the segment. Companies from retail and manufacturing to engineering to software firms can use the coverage.
Read More »Trade Credit Receivables Insurance in U.S.